Home Values

Morgantown Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$165,700

  • 5.7% 1-year change
  • 12.0% 1-year forecast

The median home value in Morgantown is $165,700. Morgantown home values have gone up 5.7% over the past year and Zillow predicts they will rise 12.0% within the next year. The median rent price in Morgantown is $849, which is lower than the Morgantown Metro median of $930.

Foreclosures will be a factor impacting home values in the next several years. In Morgantown 0.9 homes are foreclosed (per 10,000). This is lower than the national value of 3.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Morgantown is 0.6%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Morgantown homeowners underwater on their mortgage is 12.0%.

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Relative ZHVI
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Morgantown Market Overview

Data through May 31, 2015
  • $165,700 ZHVI
  • 12.0% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • No recent data Median sale price
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Morgantown Market Health

Data through May 31, 2015
  • No recent data Very healthy
  • No data Average days on Zillow
  • 12.0% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 0.6% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

1(Apr 30, 2015) Morgantown
4 United States
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Nearby Cities

Name Median ZHVI
Cheat Lake $219,300
Brookhaven $152,700
Maidsville $127,600
Name Median ZHVI
Westover $121,400
Cassville $112,600
Springhill $92,100
Name Median ZHVI
Nicholson Township $84,900
 
 

Listings & Sales

  • No data
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Morgantown Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,196 Morgantown
    $1,145 Morgantown Metro
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $849 Rent list price
  • $0.85 Rent list price / sq ft
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